This is the real reason for the crash, the original motive for the idea (qnoymyity) is being udnermined because the obviousness of doing this shit on a public blockchian grows expirntnaily as your drug circlejerk expands

Once those people get arrested the entire system is udnermined and there's no point in buttcoin

(02-13-2019, 05:37 PM)fuckgoebbelz Wrote: Bitcoin was never intended to be anonymous -- zero cash was intended to be anonymous. Bitcoin needs to be cashed into anonymously to be anonymous, and cashed out of anonymously as well.

None of them are anonymous, the underlying infrastructure is monitored by Jews

Zero Cash allows for the infrastructure to be monitored and maintains anonymity. Even with exchanges fully monitored Zero Cash is anonymous. They can see you paid for Zero Cash and had it sent to a given wallet from the exchange due to their monitoring of the exchanges, but there is no record available of which wallet you send the Zero Cash to after that point, so even though they know you bought Zero Cash they can't tell if you sent it anywhere yet even, let alone which wallet you sent it to after getting it. They would need to break a cryptographic problem that is thought intractable for the time being in order to learn anything more than that you bought a certain amount of Zero Cash from an exchange.

(02-13-2019, 10:04 PM)fuckgoebbelz Wrote: Zero Cash allows for the infrastructure to be monitored and maintains anonymity. Even with exchanges fully monitored Zero Cash is anonymous. They can see you paid for Zero Cash and had it sent to a given wallet from the exchange due to their monitoring of the exchanges, but there is no record available of which wallet you send the Zero Cash to after that point, so even though they know you bought Zero Cash they can't tell if you sent it anywhere yet even, let alone which wallet you sent it to after getting it. They would need to break a cryptographic problem that is thought intractable for the time being in order to learn anything more than that you bought a certain amount of Zero Cash from an exchange.

What the fuck is zerocash? You mean ZCash? The privacy token that launched fall 2016?
ZCash has less than 38% of the market cap of Monero. How is it any better than Monero?

(02-13-2019, 10:04 PM)fuckgoebbelz Wrote: Zero Cash allows for the infrastructure to be monitored and maintains anonymity. Even with exchanges fully monitored Zero Cash is anonymous. They can see you paid for Zero Cash and had it sent to a given wallet from the exchange due to their monitoring of the exchanges, but there is no record available of which wallet you send the Zero Cash to after that point, so even though they know you bought Zero Cash they can't tell if you sent it anywhere yet even, let alone which wallet you sent it to after getting it. They would need to break a cryptographic problem that is thought intractable for the time being in order to learn anything more than that you bought a certain amount of Zero Cash from an exchange.

The Jews own the computers and have indestructible firmware backdoors liberal

(02-13-2019, 10:04 PM)fuckgoebbelz Wrote: Zero Cash allows for the infrastructure to be monitored and maintains anonymity. Even with exchanges fully monitored Zero Cash is anonymous. They can see you paid for Zero Cash and had it sent to a given wallet from the exchange due to their monitoring of the exchanges, but there is no record available of which wallet you send the Zero Cash to after that point, so even though they know you bought Zero Cash they can't tell if you sent it anywhere yet even, let alone which wallet you sent it to after getting it. They would need to break a cryptographic problem that is thought intractable for the time being in order to learn anything more than that you bought a certain amount of Zero Cash from an exchange.

What the fuck is zerocash? You mean ZCash? The privacy token that launched fall 2016?
ZCash has less than 38% of the market cap of Monero. How is it any better than Monero?

Quote:The Zerocash protocol is being developed into a full-fledged digital currency, Zcash.

Zerocash is a new protocol that provides a privacy-preserving version of Bitcoin (or a similar currency).

Zerocash fixes an inherent weakness of Bitcoin: every user's payment history is recorded in public view on the block chain, and is thus readily available to anyone. While there are techniques to obfuscate this information, they are problematic and ineffective. Instead, in Zerocash, users may pay one another directly, via payment transactions that reveal neither the origin, destination, or amount of the payment. This is a marked improvement compared to Bitcoin (and similar decentralized digital currencies), where every payment's information is made public for the whole world to see.

Zerocash improves on an earlier protocol, Zerocoin, developed by some of the same authors, both in functionality (Zerocoin only hides a payment's origin, but not its destination or amount) and in efficiency (Zerocash transactions are less than 1KB and take less than 6ms to verify).
How does Zerocash work?

Zerocash extends the protocol and software underlying Bitcoin by adding new, privacy-preserving payments. In doing so it forms a new protocol that, while using some of the same technology and software as Bitcoin, is distinct from it. This new protocol has both anonymous coins, dubbed zerocoins, and non-anonymous ones, which, for purposes of disambiguation, we call basecoins. In contrast to Bitcoin's transactions, payment transactions using the Zerocash protocol do not contain any public information about the payment's origin, destination, or amount; instead, the correctness of the transaction is demonstrated via the use of a zero-knowledge proof. Users can convert from basecoins to zerocoins, send zerocoins to other users, and split or merge zerocoins they own in any way that preserves the total value. Users may also convert zerocoins back into basecoins, though in principle this is not necessary: all transactions can be made in terms of zerocoins.

Yes it looks like it is Zcash. I don't really follow cryptocurrency that closely, but the theory has been out there for years. I think it was ZeroCoin first, then ZeroCash was an extension of the original theory or something. Zcash looks like it is an implementation. It is a fundamentally different type of system than Bitcoin is as it makes use of a new style of cryptography. It is a cryptographically distinct approach to the problem and it results in fundamentally superior anonymity properties as compared to the bitcoin approach, even though they are a lot alike.

Most altcoins are just slight tweaks of the bitcoin protocol that are not really cryptographically innovative, but ZeroCash is a more substantially cryptographically distinct alt coin than any of the others I am aware of that makes it more like coins to cash in terms of the degree of its distinctness.

It's cryptographically more like a new type of currency at the class level (coin to banknote) than the instance level (different sorts of coin).